Arizona Deal Intelligence - March 2021

This report is prepared as a courtesy to the Arizona business community by Columbia West based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.

M&A - Strategic

3/2/2021 Trendline Interactive LLC acquired LeadMD, Inc. The terms of the transaction were not disclosed. LeadMD is a marketing services company that provides marketing automation services to small and medium businesses and is based in Scottsdale.

3/3/2021 Sunland Asphalt & Construction, Inc. acquired Ace Asphalt of Arizona, Inc. The terms of the transaction were not disclosed. Ace provides paving, concrete, parking lot maintenance solutions, and construction services and is based in Phoenix. Sunland offers commercial asphalt paving, maintenance, and specialty contract services for roads, parking lots, and sports field artificial surfaces and is based in Phoenix.

3/3/2021 Astra, Inc. agreed to acquire Canyon Technologies, Inc. The terms of the transaction were not disclosed. Canyon designs and implements enterprise resource planning (ERP) systems and is based in Tucson. Astra provides packaged and custom consulting services for various phases of implementing IFS applications and is based in Tucson.

3/3/2021 Crestone Services Group, LLC acquired Diversified Solutions, Inc. The terms of the transaction were not disclosed. Diversified Solutions operates as a telecommunications infrastructure service company that provides utility services to the telecommunication sector and is based in Phoenix.

3/4/2021 Unity Software Inc. (NYSE:U) acquired Visual Live 3D LLC. The terms of the transaction were not disclosed. Visual Live 3D develops augmented reality software for design, engineering, and construction companies and is based in Tempe.

3/5/2021 Crexendo, Inc. (NasdaqCM:CXDO) agreed to acquire NetSapiens, Inc. for $50.0 million. Crexendo provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services and is based in Tempe. Squire Patton Boggs (US) LLP is serving as legal advisor to Crexendo.

3/7/2021 Gowan Company LLC entered into a binding agreement to purchase all shares of Piemme S.r.l from Giorgio Basile and other shareholders. Piemme is the controlling shareholder of Isagro S.p.A. (BIT:ISG). At the closing of its purchase of Piemme, Gowan will launch a mandatory tender offer to purchase all outstanding shares of Isagro. Gowan, headquartered in Yuma, operates globally in the agricultural solutions business and is specialized in developing, marketing, and processing agricultural inputs such as crop protection products, seeds, and fertilizers. BonelliErede is serving as legal advisor to Gowan.

3/10/2021 HomeSmart International, LLC acquired Palmerhouse Properties LLC. The terms of the transaction were not disclosed. HomeSmart operates as a real estate brokerage company and is based in Scottsdale.

3/11/2021 American Vision Partners acquired Southwest Eye Institute. The terms of the transaction were not disclosed. American Vision owns and operates eye care and ambulatory surgical centers and is based in Phoenix. McDermott Will & Emery LLP served as legal advisor to American Vision.

3/12/2021 RumbleON, Inc. (NasdaqCM:RMBL) agreed to acquire the RideNow affiliate companies for $575.0 million. Based in Chandler, RideNow is the nation’s largest powersports retailer and has more than 40 full-service retail locations in 11 states across the country. Gallagher & Kennedy is serving as legal advisor to RideNow.

3/12/2021 DBM Global Inc. (OTCPK:DBMG) agreed to acquire Banker Steel Company, LLC for $145.0 million. DBM, together with its subsidiaries, operates as a steel fabrication and erection contractor and is based in Phoenix. Snell & Wilmer, L.L.P. is serving as legal advisor to DBM.

3/22/2021 Viad Corp. (NYSE:VVI) acquired 60% stake in Golden Skybridge for $12.0 million. Viad, based in Phoenix, operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland.

3/22/2021 Vincit Oyj (HLSE:VINCIT) acquired Vuria LLC. Following the transaction, Vincit will start reporting its US business operations under the name Vincit USA. The terms of the transaction were not disclosed. Vuria is a website development firm and mobile app development firm based in Scottsdale.

3/24/2021 Equifax Inc. (NYSE:EFX) acquired i2Verify. The terms of the transaction were not disclosed. i2Verify is an income and employment verification provider. Weiss Brown served as legal advisor to i2Verify.

3/25/2021 TPC Training Systems, Inc. acquired AboveTraining Inc. The terms of the transaction were not disclosed. AboveTraining offers an online training platform across several industry verticals and is based in Phoenix.

3/25/2021 Lifebrands Natural Food GmbH acquired Revolution Tea, LLC. The terms of the transaction were not disclosed. Revolution produces and markets premium tea and is based in Scottsdale.

3/30/2021 Universal Technical Institute, Inc. (NYSE:UTI) agreed to acquire Michigan Institute of Aeronautics, Inc. for $26.0 million. UTI provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians and is based in Phoenix.

3/30/2021 Lithia Motors, Inc. (NYSE:LAD) acquired Avondale Nissan. The terms of the transaction were not disclosed. Avondale Nissan operates as an automotive dealer of new and used Nissan cars and is based in Avondale.

M&A - Financial

3/1/2021 Tailwind Capital acquired ISSA, LLC. The terms of the transaction were not disclosed. ISSA offers online fitness education services for fitness professionals and is based in Phoenix. Spencer Fane LLP served as legal advisor to ISSA.

3/1/2021 Najafi Companies agreed to acquire Classic Vacations, LLC from Expedia, Inc. The terms of the transaction were not disclosed. Najafi is a private equity firm based in Phoenix.

Private Placements

3/3/2021 Renalogic, Inc. announced that it has received a round of funding from Carrick Capital Management Company. Renalogic offers data-driven chronic kidney disease care and cost management programs for the self-insured industry and is based in Phoenix.

3/4/2021 SmartRent.com, Inc. announced that it has received a strategic investment from new investor Lennar Corporation (NYSE:LEN). SmartRent is an enterprise home automation company that develops software solutions for property owners, property managers, and renters in multifamily communities and is based in Scottsdale.

3/18/2021 K16 Solutions Inc. announced that it has received funding from EdTech entrepreneur David Meek. K16 develops a cloud-based platform for learning management systems and is based in Chandler.

3/18/2021 Offerpad, Inc. announced that it has entered into a definitive merger agreement with Supernova Partners Acquisition Company, Inc. (NYSE:SPNV), a publicly traded special purpose acquisition company. When the transaction closes, the publicly traded company will be named Offerpad Solutions Inc. and its Class A common stock is expected to be listed on the New York Stock Exchange under the ticker “OPAD.” Offerpad is a tech-enabled real estate solutions platform and is based in Gilbert. Latham & Watkins LLP is serving as legal advisor to Offerpad.

3/23/2021 LenderClose, Inc. announced that it has raised $10.0 million in a round of funding from Next Level Ventures, Ardent Credit Union, Tucson Federal Credit Union, and other investors. Tucson Federal Credit Union operates as a credit union offering personal and business banking services and is based in Tucson.

3/23/2021 MyCarrier announced that it has closed an $8.0 million Series A round of funding co-led by Greycroft Partners and Lerer Hippeau Ventures with participation from Andrew Leto, Founder and CEO of Emerge. MyCarrier is a tech-enabled transportation management platform designed for carriers and companies that would like to control their shipping needs directly with their carriers and is based in Scottsdale.

3/29/2021 Pyx Health, Inc. announced that it has received $12.0 million in funding from 40 investors. Pyx is a healthcare IT company that develops a mobile solution that connects with members outside of the traditional care setting for reducing loneliness and social isolation and is based in Tucson.

3/30/2021 Actourex, Inc., dba Redeam, Inc., announced that it has received $12.0 million in its Series B round of funding co-led by existing investors Vertical Venture Partners and Thayer Ventures with participation from Tallwave Capital and other investors. Tallwave is a venture capital firm based in Scottsdale.